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Side-by-side financial comparison of MASIMO CORP (MASI) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $205.2M, roughly 1.8× STONERIDGE INC). On growth, STONERIDGE INC posted the faster year-over-year revenue change (-6.0% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $2.6M). Over the past eight quarters, STONERIDGE INC's revenue compounded faster (-7.4% CAGR vs -17.7%).
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
MASI vs SRI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $205.2M |
| Net Profit | $-100.4M | — |
| Gross Margin | 62.1% | 16.2% |
| Operating Margin | 22.5% | -14.4% |
| Net Margin | -27.0% | — |
| Revenue YoY | -26.4% | -6.0% |
| Net Profit YoY | -1124.5% | — |
| EPS (diluted) | $-1.84 | $-2.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $205.2M | ||
| Q3 25 | $371.5M | $210.3M | ||
| Q2 25 | $370.9M | $228.0M | ||
| Q1 25 | $372.0M | $217.9M | ||
| Q4 24 | $600.7M | $218.2M | ||
| Q3 24 | $504.6M | $213.8M | ||
| Q2 24 | $496.3M | $237.1M | ||
| Q1 24 | $492.8M | $239.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-100.4M | $-9.4M | ||
| Q2 25 | $51.3M | $-9.4M | ||
| Q1 25 | $-170.7M | $-7.2M | ||
| Q4 24 | $-349.6M | — | ||
| Q3 24 | $9.8M | $-7.1M | ||
| Q2 24 | $16.0M | $2.8M | ||
| Q1 24 | $18.9M | $-6.1M |
| Q4 25 | — | 16.2% | ||
| Q3 25 | 62.1% | 20.3% | ||
| Q2 25 | 62.9% | 21.5% | ||
| Q1 25 | 62.9% | 21.2% | ||
| Q4 24 | 40.7% | 19.5% | ||
| Q3 24 | 52.2% | 20.8% | ||
| Q2 24 | 51.3% | 22.7% | ||
| Q1 24 | 49.0% | 20.2% |
| Q4 25 | — | -14.4% | ||
| Q3 25 | 22.5% | -1.6% | ||
| Q2 25 | 17.4% | -1.1% | ||
| Q1 25 | 21.0% | -1.5% | ||
| Q4 24 | -59.8% | -2.0% | ||
| Q3 24 | 6.0% | 0.1% | ||
| Q2 24 | 5.7% | 1.4% | ||
| Q1 24 | 6.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -27.0% | -4.5% | ||
| Q2 25 | 13.8% | -4.1% | ||
| Q1 25 | -45.9% | -3.3% | ||
| Q4 24 | -58.2% | — | ||
| Q3 24 | 1.9% | -3.3% | ||
| Q2 24 | 3.2% | 1.2% | ||
| Q1 24 | 3.8% | -2.6% |
| Q4 25 | — | $-2.76 | ||
| Q3 25 | $-1.84 | $-0.34 | ||
| Q2 25 | $0.94 | $-0.34 | ||
| Q1 25 | $-3.12 | $-0.26 | ||
| Q4 24 | $-6.54 | $-0.22 | ||
| Q3 24 | $0.18 | $-0.26 | ||
| Q2 24 | $0.29 | $0.10 | ||
| Q1 24 | $0.35 | $-0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $312.3M | $66.3M |
| Total DebtLower is stronger | $559.1M | $180.9M |
| Stockholders' EquityBook value | $810.0M | $179.8M |
| Total Assets | $1.8B | $551.2M |
| Debt / EquityLower = less leverage | 0.69× | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $66.3M | ||
| Q3 25 | $312.3M | $54.0M | ||
| Q2 25 | $149.6M | $49.8M | ||
| Q1 25 | $130.8M | $79.1M | ||
| Q4 24 | $177.6M | $71.8M | ||
| Q3 24 | $158.5M | $54.1M | ||
| Q2 24 | $129.6M | $42.1M | ||
| Q1 24 | $157.6M | $48.4M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $201.6M | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $179.8M | ||
| Q3 25 | $810.0M | $251.2M | ||
| Q2 25 | $1.0B | $260.5M | ||
| Q1 25 | $946.4M | $253.1M | ||
| Q4 24 | $1.1B | $245.3M | ||
| Q3 24 | $1.5B | $271.4M | ||
| Q2 24 | $1.4B | $270.5M | ||
| Q1 24 | $1.4B | $277.3M |
| Q4 25 | — | $551.2M | ||
| Q3 25 | $1.8B | $632.1M | ||
| Q2 25 | $2.4B | $639.4M | ||
| Q1 25 | $2.3B | $657.4M | ||
| Q4 24 | $2.6B | $621.6M | ||
| Q3 24 | $3.1B | $662.5M | ||
| Q2 24 | $2.9B | $666.7M | ||
| Q1 24 | $3.0B | $675.4M |
| Q4 25 | — | 1.01× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 0.82× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $56.8M | $8.8M |
| Free Cash FlowOCF − Capex | $50.9M | $2.6M |
| FCF MarginFCF / Revenue | 13.7% | 1.3% |
| Capex IntensityCapex / Revenue | 1.6% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.8M | ||
| Q3 25 | $56.8M | $3.6M | ||
| Q2 25 | $69.4M | $10.7M | ||
| Q1 25 | $31.1M | $10.9M | ||
| Q4 24 | $50.5M | $19.2M | ||
| Q3 24 | $25.6M | $10.8M | ||
| Q2 24 | $74.5M | $8.7M | ||
| Q1 24 | $45.8M | $9.1M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | $50.9M | $-2.7M | ||
| Q2 25 | $65.6M | $7.4M | ||
| Q1 25 | $28.5M | $4.8M | ||
| Q4 24 | $46.0M | $14.0M | ||
| Q3 24 | $16.9M | $4.6M | ||
| Q2 24 | $66.9M | $1.5M | ||
| Q1 24 | $37.6M | $3.3M |
| Q4 25 | — | 1.3% | ||
| Q3 25 | 13.7% | -1.3% | ||
| Q2 25 | 17.7% | 3.3% | ||
| Q1 25 | 7.7% | 2.2% | ||
| Q4 24 | 7.7% | 6.4% | ||
| Q3 24 | 3.3% | 2.2% | ||
| Q2 24 | 13.5% | 0.6% | ||
| Q1 24 | 7.6% | 1.4% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.0% | 1.4% | ||
| Q1 25 | 0.7% | 2.8% | ||
| Q4 24 | 0.7% | 2.4% | ||
| Q3 24 | 1.7% | 2.9% | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 1.7% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 3.11× | ||
| Q1 24 | 2.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
